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Gold/Mining/Energy : Naxos Resources (NAXOF)
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To: Henry Volquardsen who wrote (15032)7/30/1998 9:16:00 AM
From: Tom Frederick   of 20681
 
Henry, Very good points. My contention, or my opinion to be more accurate, is that the ability for Ledoux to repeat would move us one step away from serious doubt about the ore containing PM's and move us more to a focus on determining the solution to the testing challenge with the knowledge that the PM's are truly there.

At the end of the day, most shareholders want to know FIRST, are there PM's at FL and SECOND, does Naxos know how to prove it and THIRD, does Naxos know how to recovery it economically.

Thanks for your thoughts.

Tom F.
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